New privacy laws enacted in Massachusetts and Nevada are part of a national trend imposing additional responsibilities on advisors. If your firm's computers, PDAs, or servers store Social Security numbers and other personally identifiable information (PII) about your clients, you must assure the security of that data. In today's session of the Financial Advisor Webinar Series, Brendon Tavelli, an an associate in the Privacy and Data Security Practice Group of Proskauer Rose LLP, explained what you need to know about privacy and data security laws. Including:
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When you must comply with privacy laws enacted by states other than your home state
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Policies to document to mitigate your risk
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Measures you must take to protect PII
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Required notifications in the event of a breach
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